Trends - Wall Street - Business Recorder

Wall Street

S&P 500, Dow hit record highs on upbeat earnings, strong retail sales

Bank of America Q1 profit more than doubles.
BlackRock edges higher as quarterly profit beats estimates.
PepsiCo up as it bets on higher soda sales.
Indexes up: Dow 0.65%, S&P 0.74%, Nasdaq 1.01%.

Published 15 Apr, 2021 08:17pm

Business & Finance

Bank of America profit more than doubles on reserve release boost

The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.

Published 15 Apr, 2021 04:13pm

Markets

Wall Street rises as big banks kick off earnings season

Goldman Sachs up as profit jumps on record dealmaking.
JPMorgan falls despite profit surging nearly five-fold.
Coinbase will list on Nasdaq later in the day.
Indexes up: Dow 0.44%, S&P 0.10%, Nasdaq 0.11%.

Published 14 Apr, 2021 08:09pm

Business & Finance

Goldman profit smashes expectations on booming investment banking

Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.

Published 14 Apr, 2021 05:11pm

Markets

US stocks dip ahead of earnings, data deluge

About 15 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 33,768.08.

Published 12 Apr, 2021 08:04pm

Markets

Dovish Fed lifts Wall Street stock futures to record high

S&P stock futures hit record highs.
European shares at record levels.
Crude oil slips after rise in US gasoline stocks.
Fed's Powell to speak at IMF event at 1600 GMT.
Weekly US jobless claims data due at 1230 GMT.
ECB reassures on accommodative monetary policy.

Published 08 Apr, 2021 05:41pm

Markets

Wall Street inches up, Treasury yields pare losses after Fed minutes

All three major U.S. stock indexes gained some ground and the S&P 500 and the Dow were last in positive territory, with economically-sensitive small caps and transports lagging.

Updated 08 Apr, 2021 09:06am

Markets

Wall St treads water after record rally on economic rebound hopes

Economy-linked stocks outperform.
Job openings rise more than expected in Feb.
Indexes: Dow flat, S&P up 0.08%, Nasdaq rises 0.10%.

Published 06 Apr, 2021 08:11pm

Markets

European markets rally in Wall Street catch-up

In Asia, Sydney, Seoul, Mumbai, Jakarta, Taipei and Manila stock markets all rose.

Published 06 Apr, 2021 04:55pm

Markets

US stocks jump amid signs of vaccine economic bounce

About 30 minutes into trading, the Dow Jones Industrial Average was up 0.9 percent at 33,437.63.

Published 05 Apr, 2021 09:21pm

Markets

GameStop plans $1bn stock sale, shares slide

The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top shareholder and board member Ryan Cohen.
GameStop's stock has gained more than 900% so far this year, giving the company a valuation of as much as $34 billion at one point as retail traders bet against Wall Street hedge funds that had shorted its shares.

Published 05 Apr, 2021 05:26pm

Markets

Microsoft and Amazon lead S&P 500 to 4,000 points

The Nasdaq remained about 5pc below its Feb. 12 record high close, still smarting as higher U.S. bond yields hurt technology stocks.

Published 01 Apr, 2021 11:56pm

Markets

S&P 500 hits 4,000 mark on tech strength, reopening optimism

Weekly jobless claims unexpectedly rise.
Micron jumps after upbeat revenue forecast.
J&J shares slip on problem with COVID-19 vaccine batch.
Indexes up: Dow 0.19%, S&P 0.70%, Nasdaq 1.51%.

Published 01 Apr, 2021 07:11pm

Markets

US stocks rise ahead of Biden infrastructure roll-out

About 30 minutes into trading, the Dow Jones Industrial Average was up less than 0.1 percent at 33,081.23.

Published 31 Mar, 2021 07:54pm

Business & Finance

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars were slightly higher on Tuesday, as risk appetite in Asia recovered...

Published 31 Mar, 2021 05:42am

Markets

Dollar hits one-year yen high but stocks split

Wall Street's major indices were lower in late morning trading, while the yield on US government debt rose.

Published 30 Mar, 2021 09:15pm

Markets

US stocks slip on renewed inflation fears

The broad Standard & Poor's 500 index dipped 0.23 percent to 3,961.79.

Published 30 Mar, 2021 08:52pm

Markets

US stocks open lower, extending streak of losses

About 20 minutes into trading, the Dow Jones Industrial Average was down 0.7 percent at 32,189.53.

Published 25 Mar, 2021 08:53pm

Markets

Wall St opens higher ahead of March business surveys; Intel shines

The Dow Jones Industrial Average rose 47.7 points, or 0.15%, at the open to 32470.88.
The S&P 500 rose 9.4 points, or 0.24%, at the open to 3919.93, while the Nasdaq Composite rose 61.5 points, or 0.47%, to 13289.243 at the opening bell.

Published 24 Mar, 2021 06:51pm

Markets

US stocks mostly down ahead of Powell appearance

The broad-based S&P 500 dipped 0.1 percent to 3,938.66, while the tech-rich Nasdaq Composite Index shed 0.3 percent to 13,338.94.

Published 23 Mar, 2021 09:28pm

Markets

Asian, European markets drop as inflation spectre hangs

Mumbai, Singapore, Manila and Wellington rose.
London, Paris and Frankfurt fell at the open.

Published 23 Mar, 2021 06:15pm

Markets

Bond fears overtake Fed hopes, US stocks fall at open

The broad-based S&P 500 slipped from its record the day before, falling 0.6 percent to 3,948.72, while the tech-rich Nasdaq Composite Index fell 0.2 percent to 15,699.32.

Published 18 Mar, 2021 08:10pm

Markets

Bonds crash stock market rally

Wall Street rallied on the news, with the Dow ending above 33,000 points for the first time, while the S&P 500 also chalked up a record.

Published 18 Mar, 2021 08:08pm

Markets

Wall Street flinches ahead of Fed decision

The benchmark Dow Jones Industrial Average was up 0.3 percent at 32,923.27.

Published 17 Mar, 2021 09:04pm

Markets

Tuesday's early trade: Main indexes move higher

NEW YORK: Wall Street's main indexes opened higher on Tuesday with the Nasdaq rebounding after a steep selloff in ...

Published 10 Mar, 2021 04:59am

Markets

US stocks mostly higher on progress of stimulus package

The broad-based S&P 500 advanced 0.2 percent to 3,850.57, while the tech-rich Nasdaq Composite Index fell 0.3 percent to 12,883.11.

Published 08 Mar, 2021 08:46pm

Markets

New era of volatility begins, but equity inflows continue: BofA

LONDON: Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to...

Published 08 Mar, 2021 05:45am

Hong Kong removed from economic freedom ranking

HONG KONG: Hong Kong has been removed from an annual index of the world's freest economies because the think-tank...

Published 05 Mar, 2021 05:17am

Markets

Wall St set for higher open on J&J vaccine cheer, stimulus optimism

US bond market rout eases.
J&J's COVID-19 vaccine to be available in 1-2 days.
Cyclical energy, banks, materials stocks jump.
Indexes up: Dow 1.63%, S&P 1.49%, Nasdaq 1.47%.

Updated 01 Mar, 2021 08:01pm

Markets

Thursday’s early trade: Main indexes down as tech shares fall, bond yields rise

NEW YORK: Wall Street’s main indexes edged lower on Thursday as heavyweight technology-related stocks remained...

Published 26 Feb, 2021 05:20am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Apr 16 786 Investments Limited(786)	8.80 ▼ 0.00 (0.00%)
AL- Abbas / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	370.00 ▼ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	70.18 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	703.87 ▼ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Apr 16 Attock Cement Pakistan Limited(ACPL)	167.92 ▼ 0.00 (0.00%)
Adam Sugar / Apr 16 Adam Sugar Mills Limited(ADAMS)	24.00 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Apr 16 786 Investments Limited(786)	8.80 ▼ 0.00 (0.00%)
AL- Abbas / Apr 16 Al-Abbas Sugar Mills Limited(AABS)	370.00 ▼ 0.00 (0.00%)
Agro Allianz / Apr 16 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 16 Allied Bank Limited(ABL)	70.18 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 16 Abbott Laboratories (Pakistan) Limited(ABOT)	703.87 ▼ 0.00 (0.00%)
Abson Ind. / Apr 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Apr 16 Attock Cement Pakistan Limited(ACPL)	167.92 ▼ 0.00 (0.00%)
Adam Sugar / Apr 16 Adam Sugar Mills Limited(ADAMS)	24.00 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	152.85
USD PKR Interbank Buying / Apr 15	152.75
USD to Japanese Yen / Apr 15	108.72
USD to Swiss Franc / Apr 15	0.92
Pound Sterling to USD / Apr 15	1.38
Euro to USD / Apr 15	1.20
UK LIBOR % / Apr 15	0.07

Stock	Volume
S&P 500 / Apr 15	4170.42
India Sensex / Apr 15	48803.68
Tokyo Nikkei / Apr 15	29642.69
Nasdaq / Apr 15	14038.76
Hang Seng / Apr 15	28793.14
FTSE 100 / Apr 15	6983.50
Dow Jones / Apr 15	34035.99
Germany DAX 30 / Apr 15	15255.33
France CAC40 / Apr 15	6234.14

Item	Value
Crude Oil / Apr 15	63.38
Karachi Cotton Assoc. / Apr 15	10800.00
Gold 10 Grams / Apr 15	94564.00
Gold Spot / Apr 15	1736.80
Cotton / Apr 15	86.26

Wall Street

S&P 500, Dow hit record highs on upbeat earnings, strong retail sales

Bank of America profit more than doubles on reserve release boost

Wall Street rises as big banks kick off earnings season

Goldman profit smashes expectations on booming investment banking

US stocks dip ahead of earnings, data deluge

Dovish Fed lifts Wall Street stock futures to record high

Wall Street inches up, Treasury yields pare losses after Fed minutes

Wall St treads water after record rally on economic rebound hopes

European markets rally in Wall Street catch-up

US stocks jump amid signs of vaccine economic bounce

GameStop plans $1bn stock sale, shares slide

Microsoft and Amazon lead S&P 500 to 4,000 points

S&P 500 hits 4,000 mark on tech strength, reopening optimism

US stocks rise ahead of Biden infrastructure roll-out

Aussie, kiwi up

Dollar hits one-year yen high but stocks split

US stocks slip on renewed inflation fears

US stocks open lower, extending streak of losses

Wall St opens higher ahead of March business surveys; Intel shines

US stocks mostly down ahead of Powell appearance

Asian, European markets drop as inflation spectre hangs

Bond fears overtake Fed hopes, US stocks fall at open

Bonds crash stock market rally

Wall Street flinches ahead of Fed decision

Tuesday's early trade: Main indexes move higher

US stocks mostly higher on progress of stimulus package

New era of volatility begins, but equity inflows continue: BofA

Hong Kong removed from economic freedom ranking

Wall St set for higher open on J&J vaccine cheer, stimulus optimism

Thursday’s early trade: Main indexes down as tech shares fall, bond yields rise

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